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Analyzing the Introduction of Corporate Management in the Global Economic Space
Rosso M. V., Osetskiy V. L., Кanishchenko O. L.

Rosso, Martina V., Osetskiy, Valerii L., and Кanishchenko, Olena L. (2019) “Analyzing the Introduction of Corporate Management in the Global Economic Space.” Business Inform 3:51–62.
https://doi.org/10.32983/2222-4459-2019-3-51-62

Section: Foreign Experience

Article is written in Ukrainian
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UDC 330.1

Abstract:
The article is aimed at researching the impact of efficient corporate management on economic development. Strategic analysis and evaluation of the introduction of corporate management in the global economic space are carried out by identifying empirical relationships between quality of corporate management and development in the unbalanced working group up to 185 countries for the period from 2010 to 2015. The research has proved that corporate management is a positive factor in the inflow of foreign direct investment and market capitalization, as well as a negative determinant of employment in the State sector of the low-income countries. It is identified that corporate management is negatively correlated with corruption in the high-income countries. The one-directional causality from corporate management to economic development, i. e. causal influence of economic development on corporate management is not confirmed. It is substantiated that in order to accelerate economic development of developing economies, politicians should pay attention, first of all, to the institutional development of countries, including the introduction of best practices of corporate management.

Keywords: corporate management, foreign direct investments, market capitalization, corruption, generalized method of moments.

Tabl.: 4. Bibl.: 64.

Rosso Martina V. – Masters Student, Department of International Economics and Marketing, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Osetskiy Valerii L. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Theory, Macro- and Microeconomics, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Кanishchenko Olena L. – Doctor of Sciences (Economics), Professor, Professor, Department of International Economics and Marketing, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]

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